03-14-2019 08:56 PM CET - IT, New Media & Software

Operational Intelligence Market is expected to register a CAGR of 10.56 %, during the forecast period (2018 - 2023)| Key Players- VITRIA TECHNOLOGY INC., GE CORPORATION, SPLUNK INC., STARVIEW INC., FLEXEYE CORPORATION, VENTANA RESEARCH, HP INC., amongst o

Press release from: Market Prognosis

Market Analysis:

Asia Pacific is expected to have a High Market Share
Increase in the accuracy and repeatability of the work along with increasing wages have become a major concern, while employing human labor. These factors, along with the advantages, such as reduction in production time, less human error, and higher volume production, substantially increased the adoption of IT services by the industries, and this is driving the market for operational intelligence in this region.

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Business Intelligence (BI) can explore through massive amounts of data and cross-examine that data to develop Key Performances Indicators (KPI) and derive trends that give relevant insights to the management, allowing them to make effective business decisions. The need for Operational Intelligence (OI) systems is increasing because of the growing workflows and complex planning programs. OI can help any enterprise to do a business in the mobile world, and help in developing various strategies, and monitors customized workflows. All these can ease the access to realtime data for actionable insights. Increase in adoption of Real-Time Business Intelligence Systems as they have the ability to control frequently changing situations and to see across the organization to understand the workflow, has increased the demand for OI Systems. On Demand or Cloud Deployment of OI Services is expected to have high growth during the forecast period.

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Market Segments:
Operational Intelligence Market is segmented by:
1. Type of Deployment: On Premise, Cloud
2. End-user Industry: Retail, Manufacturing, Financial Services, Government, IT and Telecommunications, Military & Defense, Transport & Logistics, Healthcare, Energy and Power, Others
3. Geography : North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market
•January 2018 - Telstra adopted the use of Splunk to have a personalized customer experience. The use of Splunk software is expected to provide deeper insights and solve many business problems simultaneously

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